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Dec 31, 2012
12/12
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congress has run out the clock. there is no more time. we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the senate on that tonight, but they could if they work something out. otherwise we have the fra
congress has run out the clock. there is no more time. we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year....
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gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget cmittee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's abou? >> i'm not exactly sure. unless they're having some type of problem with e spending side of the equation, i never have reached some type of agreement on taxes, but know that makes mcconnell was working with vice-presidentbiden on the spending side. and so there may be some person that has to go on the senate democrats to get the bill passed gerri: arm-twisting everywhere. let's talk about this potential deal as it has been outlined to us. we would have tax hikes on folks with incomes above 400,000 if your single, above water and 50,000 if you're a cople. permanent patch to anc, the alterna
gerri: we have been saying, congress will not need the midnight deadline to avert the fiscal cliff. congress will not. the negotiations continue into tomorrow. let's bring in a congressman who will be critical to the process. republican of wisconsin, a member of the house budget cmittee. welcome back to the show. great to see you here. first, breaking news detail i want to get your reaction to. we just heard the vice-president will meet with senate democrats tonight. what do you think that's...
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Dec 29, 2012
12/12
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gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's notlike the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush ta
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every...
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Dec 31, 2012
12/12
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WBAL
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>> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot reach a deal, americans in maryland will burden will -- will be burdened. legislativent of observances had a report about what the impact would be. if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling
>> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot...
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they areon the ones who have to steer us away from the fiscal cliff. joining us tonight, governor jo jo mike hi hi ♪(whistling tune) ♪("don't worry be happy") we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilolosec c and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur where teams compete to make the right decision about safe food preparation. our challenge in this round -- oven or microwave? to win, teams must choose the prop steps for safe meal preparation, read and follow package cooking instructions, and know when to use the conventional oven or the microwave. you're on the clock, so make your decisions quickly, but be warned -- make the wrong choice, and your meal will be unsafe! sorry, team 2, an unwise choice. check the cooking instructions on that package you've ripped open so quickly. dude, what? microwaves and conventional ovens both have a purpose. your challenge
they areon the ones who have to steer us away from the fiscal cliff. joining us tonight, governor jo jo mike hi hi ♪(whistling tune) ♪("don't worry be happy") we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilolosec c and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur where teams compete to make the right...
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Dec 28, 2012
12/12
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WUSA
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congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say house speaker is boehner is holding all the cards. >> the speaker of the house has got to allow a vote. he has got to allow the full house to work the
congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning....
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Dec 31, 2012
12/12
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WRC
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picking up on what you were talking about, congress may be having trouble avoiding the fiscal cliff. but they might be able to skirt the dairy cliff. the u.s. farm bill could keep milk prices from surging next year. it would keep a subsidy from coming back to life when the current farm bill expires today. under a 1949 law, the usda would be forced to buy milk at prices well above what farmers are getting now as the subsidies provide. that could push prices up to twice the national average of $3.12 a gallon. meanwhile, several big banks have reportedly close to a $10 billion settlement with the regulators to end the government's efforts to hold them liable nor bad foreclosure practices. "the new york times" reports nearly 40% of the settlement would dw to people who already lost their homes. in february, five banks agreed to a $25 billion settlement. the times says 14 are involved in this round of talks as well. as part of the deal, which could come this week, the banks will have to hire independent consultants to go through those loan records. >> back over to you and happy new year t
picking up on what you were talking about, congress may be having trouble avoiding the fiscal cliff. but they might be able to skirt the dairy cliff. the u.s. farm bill could keep milk prices from surging next year. it would keep a subsidy from coming back to life when the current farm bill expires today. under a 1949 law, the usda would be forced to buy milk at prices well above what farmers are getting now as the subsidies provide. that could push prices up to twice the national average of...
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Dec 24, 2012
12/12
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CSPAN
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i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy they laid out together. host: thank you for the call. guest: so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, q
i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates...
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Dec 29, 2012
12/12
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. >> you know, whether it's a stalemate over the fiscal cliff or the debt limit, turns out an inability to act could earn the congress a dubious distinction. the most unproductive in u.s. history. a review by the huffington post shows 219 bills have been passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to send nearly 100 bills to president obama's desk in the next few days. >> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an unend to unemployment benefits for 2 million people could be on the way because of the fiscal cliff. congress, it's about to get a raise. it's part of an executive order that president obama issued which ends a pay freeze for federal workers. so salaries will go up by .5% after march 27th. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time lawmakers g
. >> you know, whether it's a stalemate over the fiscal cliff or the debt limit, turns out an inability to act could earn the congress a dubious distinction. the most unproductive in u.s. history. a review by the huffington post shows 219 bills have been passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to...
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Dec 29, 2012
12/12
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FBC
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so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and sena, you're loing at perhaps an income threshold of about four to $500,000 a year, maybe less, to prevent those taxpayers, those amounts from having to pay additional taxes or watching their taxes go up. some of the other proposals on employment insurance. the doc fix, preventing doctors from getting a massive pay cut at the end of the year. right now congressional leaders will try to cobble something tother with democratic and republican votes that can pass both the house and senate. the next 24 hours on this one, adam, very critic. adam: rich, if it is just taxes and extension of unemployment benefits where do they get money to pay for unemployment benefits? we're about to hit the debt ceiling and will have 110 billion in spending cuts come january 1? >> that is what makes this difficult. if the debt ceiling is part of this and there are no spending cuts this will not pass the house.
so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and sena, you're loing at perhaps an income threshold of about four to $500,000 a year, maybe less, to prevent those taxpayers, those amounts from having to pay additional taxes or watching their taxes go up. some of the other proposals on employment insurance. the doc fix, preventing doctors from getting a massive pay cut at the end of...
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Jan 1, 2013
01/13
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a deal to avoid the fiscal cliff. we'll hear from some of them when we come back. stay with us. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> all right, this holiday season, most americans are not feeling all that much good will toward congress. mary snow has just some of the outrage over the fiscal cliff. >> boutique owner debra pays less attention to designers th
a deal to avoid the fiscal cliff. we'll hear from some of them when we come back. stay with us. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just...
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Dec 30, 2012
12/12
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WTTG
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will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real que
will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress...
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Dec 31, 2012
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. >> the fiscal cliff is the response to congress's inaction. that's the fact. the reason we're here is because we were unable to complete the business at hand. we postponed everything until the end of the year. the reason the tax cuts expire and the revenue provisions a part of that but also the spending cut that is are across the board in a haphazard way, that's congress's fault and where we are. i think the president's accurate in the way he described it. whether he should have articulated it, i leave that up to him but certainly the president has negotiated a deal that i believe will get the support of the majority of the house and the senate and i think we are going to get this done. >> how do you see this plays out as the clock ticks? is there enough time to get it done if it comes over to the house and if there's a delay or any kind of a hold-up or an objection, that's going to take us passed midnight. >> up to speaker boehner. assuming the senate is able to pass before they send it to the house then they'll walk it across the capital and if speaker boehn
. >> the fiscal cliff is the response to congress's inaction. that's the fact. the reason we're here is because we were unable to complete the business at hand. we postponed everything until the end of the year. the reason the tax cuts expire and the revenue provisions a part of that but also the spending cut that is are across the board in a haphazard way, that's congress's fault and where we are. i think the president's accurate in the way he described it. whether he should have...
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Dec 30, 2012
12/12
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what we are seeing is more and more people right now as congress looks that the fiscal cliff, talking about the things that concerns them. i want to tell you, some things watching right now who think the country should goefrt fiscal cliff, a quote i got there on facebook, talking about this, this one says let's go over it. it is long overdue and we need several more just like t some politicians see it as the easiest way of implementing long overdue cuts without endless congressional squabbles from adam chance campbell wrote on my facebook page. y'all will like the next one, look that the quote from jeff clark, what the mayans couldn't do in thousands of years both houses of congress are doing. let me tell everybody, the world will not end if we go over the fiscal cliff. i don't want you to feel that watch doesn't mean there aren't serious concerns for a lot of people involved. a couple more here from facebook this one says they need a reality check in how the 98% really lives. that's from felicia persaud on facebook. one more here the people express third desire for ending the bush ta
what we are seeing is more and more people right now as congress looks that the fiscal cliff, talking about the things that concerns them. i want to tell you, some things watching right now who think the country should goefrt fiscal cliff, a quote i got there on facebook, talking about this, this one says let's go over it. it is long overdue and we need several more just like t some politicians see it as the easiest way of implementing long overdue cuts without endless congressional squabbles...
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Dec 30, 2012
12/12
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the fiscal cliff isn't the only pressing legislation that's on congress's plate. there's also something called the farm bill. republicans opposed a measure passed by senate in june. saying it cost too much. if congress doesn't act, dairy farmers among others would no longer have a government safety net for prices and the cost of a gallon of milk could soar. here's agriculture secretary tom vilsack had to say on the state of the union. >> if you like anything made with milk you're going to be impacted by the fact that there's no farm bill. if if there is not an extension of the existing bill or a new bill basically on january 1st or shortly thereafter, permanent agricultural law goes into effect, which means the federal government will go back into the business of strongly supporting the dairy industry by raising the price support if you will or support for dairy products to $38 a double weight, almost twice what the price is today. >> vilsack says that the agricultural exports and farming families will also be affected if a farm bill is not passed. to the senate f
the fiscal cliff isn't the only pressing legislation that's on congress's plate. there's also something called the farm bill. republicans opposed a measure passed by senate in june. saying it cost too much. if congress doesn't act, dairy farmers among others would no longer have a government safety net for prices and the cost of a gallon of milk could soar. here's agriculture secretary tom vilsack had to say on the state of the union. >> if you like anything made with milk you're going to...
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Dec 31, 2012
12/12
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FBC
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signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept over investors. it had been up almost 30% since july. today's dive is the vix's steepest fall since august 2011. and the fiscal cliff tug-of-war september gold prices p by about 20 bucks an ounce, settling at $1675 for the year. gold prices rose 7% but, that is their smallest yearly gain in four years. >>> we can't avoid it, the top story. fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally presented but i'm c
signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept over investors. it had been up almost 30% since july. today's dive is the vix's steepest fall since august 2011. and the fiscal cliff tug-of-war september gold prices p by about 20 bucks an ounce, settling at $1675 for the year. gold...
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Dec 24, 2012
12/12
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is there the possibility of a little bit of a band-aid for most americans before the fiscal cliff? >> i think absolutely. and i think also congress can buy a little more time if because, you know, what this deadline is congressional imposed so the band-aid over to january 2nd, the vote counting, 60 senate, 218 in the house is really -- this is the fine tuning that's going on to get these two big numbers in the deals and, thomas, i think then we have to think to get the patch, will it be bet tore have it slop over to the new congress in january 3rd or have the lame duck votes? i think even a patch may be a tough vote unless it's very, very broad so you have a few alternatives to go but at least if you're thinking small not big, there's a way out. >> all right. so reversing that, bob, thinking big not small, is the white house hoping to achieve some type of grand deal or is that just out of window at this point with so little time left? >> yes, thomas. i think any hope of a grand bargain this month is out the window. and the heavy lifting will be done, i agree with lynn, in 2013. wit
is there the possibility of a little bit of a band-aid for most americans before the fiscal cliff? >> i think absolutely. and i think also congress can buy a little more time if because, you know, what this deadline is congressional imposed so the band-aid over to january 2nd, the vote counting, 60 senate, 218 in the house is really -- this is the fine tuning that's going on to get these two big numbers in the deals and, thomas, i think then we have to think to get the patch, will it be...
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congress, not much. >> zero. >> but can they avoid the fiscal cliff? senator gop john ba roost sew joins us later. no matter what deal congress strike the capital-gains tax, it shoots up next year. we'll tell you what investors can do to say in the game. more mony coming up less than seven hours until the new year and nothing rippings in the new year better than the government raising your taxes right? the capital-gains tax inease will be 20% from the current 15 some argue that would generate more money from unsell cam. my -- uncle sam. my next guest has a long list of reasons that this would hurt the economy. he is the from the cato institute and head of downsizing dost government.org. thank you for joining us on this holiday. >> thank you. adam: why won't it raise more money if we raise the capital-gains tax? why won't it raise t money for treasury. >> capital very mobile. we live in a globalized economy. if the united states raises its taxes on capital, in other words, investment, investment will flee across international borders. countries that hav
congress, not much. >> zero. >> but can they avoid the fiscal cliff? senator gop john ba roost sew joins us later. no matter what deal congress strike the capital-gains tax, it shoots up next year. we'll tell you what investors can do to say in the game. more mony coming up less than seven hours until the new year and nothing rippings in the new year better than the government raising your taxes right? the capital-gains tax inease will be 20% from the current 15 some argue that...
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Dec 31, 2012
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. >> under current law on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> there's still significant distance between the two sides, but negotiations continue. there's still time left to reach an agreement. and we intend to continue negotiations. >> and so, here we are, new year's eve, and the country counts down to popping champagne corks, the ball dropping in times square, and going over the fiscal cliff. if congress fails to act in the remaining hours of 2012, taxes will go up on all americans and a series of mandatory government spending cuts will kick in. hello, new year. hello, new recession. after two years of missing self-imposed deadline after self-imposed deadline, all eyes were on the senate over the weekend as the house's failure to even bring a plan to a vote left it up to the upper chamber to find a way out. vice president biden who had remained on the sidelines in this r
. >> under current law on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> there's still significant distance between the two sides, but negotiations continue. there's still time left to reach an agreement. and we intend to continue negotiations. >> and so, here we are, new...
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Dec 31, 2012
12/12
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the house stands >> fiscal cliff negotiations continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about progress that is being made in congress today. for the last few days, leaders of both parties have been working on an agreement that will prevent the middle-class tax hikes hitting 90% of all americans starting tomorrow. preventing that tax hike has been my top priority. it is the last thing that folks like who are appear on this stage can afford right now, to pay an extra $2,000 in taxes. the middle class taxes cannot afford it -- middle-class families cannot afford it, and our economy cannot afford it. today it
the house stands >> fiscal cliff negotiations continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you...
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Dec 29, 2012
12/12
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FBC
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tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and newcars for bureaucrats. this one is going to drive you nuts. ♪ ♪ tom: the senate just passing the $60 billion hurricane s&p relief bill in the last hour. now heads to the houseor a possible weekend vote. the senate passing is good news for the victims of sandy, but the bill is also packed with projects that have nothing to do with the storm, like a new roof for the smithsonian museum. i'm sure there would like a new roof, but this is supposed to be for hurricane victims. millions for tree plantings and towns which sandy did not even pass, let alone damaged. my next guest says that is why they should have voted against it. american majority action spokesman, i just saw your tweet. you're talking about, what was it, $200 million for
tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and newcars for bureaucrats. this one is going to drive you nuts. ♪ ♪ tom: the senate just passing the $60 billion hurricane s&p relief bill in the last hour....
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tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. ♪ tom: the senate just passing the $60 billion hurricane s&p relief bill in the last hour. now heads to the house for a possible weekend vote. the senate passing is good news for the victims of sandy, but the bill is also packed with projects that have nothing to do with the storm, like a new roof for the smithsonian museum. i'm sure there would lik
tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew...
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that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically s
that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update...
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tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ woman: my first symptoms were... man: constant tingling in my toes. woman: my leg sometimes will go numb. woman: i had double vision. woman: they said, "you have multiple sclerosis." woman: well, the beginng is the hardest time. man: i kind of had to get a grasp on reality. man: i had to adapt and change very rapidly. woman: i had to learn how to drive with my hands -- yeah, that was interesting. woman: i was a dancer. i don't see walking the way i walk any different than doing a dance. it just looks different -- it's a different dance. woman: you see me have an off day. it doesn't take away from who i am. man: a symptom may cause you not to be able to do that anymore, an
tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ woman: my first symptoms were... man: constant tingling in my toes. woman: my leg sometimes will...
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the fiscal cliff not the only thing that congress is dealing with. fox news learned the house plans to split the superstorm sandy aide bill to two parts. giving the lawmakers opposed to a large bill the ability to vote against it and vote on the other part so they don't appear unwilling to help storm victims. the base would provide immediate funding to those affected by the october storm that devastated new york and new jersey coastlines. meanwhile, republicans are still meeting up on capitol hill. we have a live camera outside of that meeting. they are, the camera just shooting in and out there. they are meeting and those are the microphones they may come and talk to reporters after they finish that conference meeting. we are just getting word of something that perhaps is happening behind those doors. senior g.o.p. leadership aide is telling fox that the speaker presented his members two options. the first would be to make an amendment to the senate bill that would add a package of spending cuts. the whip, majority whip would do a whip check, vote c
the fiscal cliff not the only thing that congress is dealing with. fox news learned the house plans to split the superstorm sandy aide bill to two parts. giving the lawmakers opposed to a large bill the ability to vote against it and vote on the other part so they don't appear unwilling to help storm victims. the base would provide immediate funding to those affected by the october storm that devastated new york and new jersey coastlines. meanwhile, republicans are still meeting up on capitol...
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to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise, which as i said, will procollude taxes from going up on middle income americans, provide for the unemployment insurance. i they we also provide for the reimbursement of doctors giving services to medicare patients. butt fact of the matter is it's been very difficult to reach compromise. i think the president of the united states and is now through vice president biden trying to reach a compromise. a compromise by its very definition means that neither side gets exactly what it wants. the difficulty from the house of representatives last week the re
to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise,...
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>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the f
>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was...
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liz: the framework, the skelton, is set for a deal on the fiscal cliff but congress still has to vote on it before this goes into efence. -- effect, let's bring in our panel of congressman with expertise on this. mick mulvaney of south carolina, tim huelskamp kansas and dennis cue cues ohio. you've been leaving congress. you've been term-limited by voters. i know you're general in favor of what you would call a more fair tax system. the top 3%, everybody earning $250,000 or more, pay about 60% of all the federal income taxes that are paid. 3% say, 60%. how much more do you think they should pay before it is fair? >> well, the choices we've been given aren't the best choices, i will tell you that. we ought to be creating more taxpayers. we ought to be talking about jobs. david: i agree. bingo. >> how is it that we've avoided this discussion? all we're talking about is getting more money of people working right now. so, you know, there has to be some kind of a cuttoff about preserving the current tax cuts. i opposed the bush tax cuts because i thought most of the benefits were accelerat
liz: the framework, the skelton, is set for a deal on the fiscal cliff but congress still has to vote on it before this goes into efence. -- effect, let's bring in our panel of congressman with expertise on this. mick mulvaney of south carolina, tim huelskamp kansas and dennis cue cues ohio. you've been leaving congress. you've been term-limited by voters. i know you're general in favor of what you would call a more fair tax system. the top 3%, everybody earning $250,000 or more, pay about 60%...
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tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if yr bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. your soups are so awesomely delicious my husbandnd i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. we've got a lot of empty cans. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know
tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, and you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate...
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nyquil® cold and flu doesn't. >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a couple weeks. there's no guarantee they'll be able to come to an agreement quickly. ryan lizza is a correspondent for the new yorker. it's good to see you during the night. good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know. it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid, who runs the senate, left tonight and told reporters on the way out, if you want to know if there's a deal, talk to biden and mcconnell. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservativ
nyquil® cold and flu doesn't. >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a couple weeks. there's no guarantee they'll be able to come to an agreement quickly. ryan lizza is a correspondent for the new yorker. it's good to see you during the night. good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know....
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and this one, we could solve this fiscal cliff and budget problems more than congress. this is the type of frustration that people are venting today. a few more of the tweets. this one from randy christian lee, and our founding fathers are turning over in their graves. come 2013, things will never be the same in this country. if we go over the cliff, it is not overnight or massive and drastic, so don't worry about the of night fears. here are a couple more. stop blaming the politicians, but the voters who put them all in and expected a different result than the last four years. that is from marc on twitter. one more, lou from congress, big bunch of babies and waiting for the last minute to look like a hero and continual joke. i will tell you that we are hearing from a lot of people, and martin, no doubt that what people are saying is resonating all over the country, and a lot of people are sharing the frustration. vent and send us your ireports to ireport.com and join the discussions on facebook and twitter to josh levs@cnn and if you think we should go over the cliff,
and this one, we could solve this fiscal cliff and budget problems more than congress. this is the type of frustration that people are venting today. a few more of the tweets. this one from randy christian lee, and our founding fathers are turning over in their graves. come 2013, things will never be the same in this country. if we go over the cliff, it is not overnight or massive and drastic, so don't worry about the of night fears. here are a couple more. stop blaming the politicians, but the...
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going over the fiscal cliff. meanwhile, the president talked about it today. >> democrats and republicans in congress have to get this done. but they are not there yet. they are close. but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you are supposed to do, they will use that second. >> we will continue to work on finding smarter ways to cut spending but let's not let that hold up and protect americans from the tax hike to take place in ten hours. ten hours from now. we can do this. we must do this. >> bret: it's not clear whether they can. it's not clear whether that is all of them believe they must. bring in the panel. jonah goldburg. kirsten powers if for daily beast. syndicated columnist charles krauthammer. begin with the president's statement today that happened mid-day. he framed it as ed henry said as campaign style event. middle class families behind him. didn't have a lot of details and has had the
going over the fiscal cliff. meanwhile, the president talked about it today. >> democrats and republicans in congress have to get this done. but they are not there yet. they are close. but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you are supposed to do, they will use that second. >> we will continue to work on finding smarter ways to cut spending but let's not let that hold...
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let's begin with you, this is obviously the final push in congress to try to avert the fiscal cliff. >> it's interesting. harry reid told us they are making progress in the talks. at this stage they don't have a deal. what you heard senator thune, republicans are saying if we give you more revenue what will you going to do with it? are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator
let's begin with you, this is obviously the final push in congress to try to avert the fiscal cliff. >> it's interesting. harry reid told us they are making progress in the talks. at this stage they don't have a deal. what you heard senator thune, republicans are saying if we give you more revenue what will you going to do with it? are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican...
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less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me at this
less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution...
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to compromise and get a deal done on the fiscal cliff? from washington to all around the country americans are fed up. >> this whole thing is a national embarrassment, an embarrassment to the president, an embarrassment to both sides of the aisle and both the house and the senate. >> the election is over. you got your seats. you're re-elected. congratulations. you have a job. now work and do it. >> fiscally irresponsible decision trying to please everyone and you please no one at all. >> they've got to work together. >> they appear to be very self-centered. >> joining me now retired admiral and former democratic congressman joe sestak of pennsylvania and msnbc contributor and former bush/cheney senior adviser robert trainum. kelly o'donnell has just reported some of the latest information. we heard there was progress overnight and we understand vice president biden and republican leader mitch mcconnell exchanged phone calls until about midnight and their aides then continued to work and we've been reporting the various areas of progress i
to compromise and get a deal done on the fiscal cliff? from washington to all around the country americans are fed up. >> this whole thing is a national embarrassment, an embarrassment to the president, an embarrassment to both sides of the aisle and both the house and the senate. >> the election is over. you got your seats. you're re-elected. congratulations. you have a job. now work and do it. >> fiscally irresponsible decision trying to please everyone and you please no one...
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needed to reach a deal on the fiscal cliff by christmas. less than 48 hours until that cliff what does he think now? you are watching msnbc, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> the self-imposed 3:00 p.m. deadline the senate came up with for a deal has come and gone which means without a last minute deal starting january 1st tax hikes and massive spending cuts will be in effect. extended unemployment benefits have ended. we will be live on capitol hill with the latest developments coming up in just a moment. before we take you over to capitol hill here are stories that we are monitoring for you today. a new york woman who allegedly admitted to pushing a subway commuter to his death has been charged with second degree murderer as a hate crime. police
needed to reach a deal on the fiscal cliff by christmas. less than 48 hours until that cliff what does he think now? you are watching msnbc, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> the self-imposed...
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will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, of course, it isn't just the fiscal cliff we're counting down to. it's new year's eve and we want to say happy new year to everyone who is joining us or watching the program here today. earlier, we asked have you made any resolution, trade or otherwise, for 2013. we've got a couple at least. one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually.
will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence....